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Meanwhile, Penny Green, who appeared on the FN list of 100 influential women in 2011, has confirmed she is stepping down as chief executive of the Superannuation Arrangements of the University of London. She expects to leave the scheme next year but continue to advise its administration arm.

She has run the £2 billion scheme since 1998, during which time she took steps to maintain, and improve, its governance.

Green’s successor has yet to be chosen. Like Healy, Green said she hopes to become a pension scheme trustee.